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0.00% 1.7¢ golden state resources limited

was only 50 hrs to go.., page-31

  1. MrStoatGobbler
    433 Posts.
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    25/05/09
    15:09
    Post #: 5201562
    Gutted Squid,
    They may still be in the Alkali formation but if they've drill through a fault the gas will be on the other side of the fault. Faults form impermeable barriers that trap the gas - so the gas may be in the formation deeper down but the hole is on wrong side of fault! Like being on the outside of a bank vault - you know theres money but you're on the wrong side of the door!
    GDN Price at posting: 8.0¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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